A select few insiders from clothing brand YZY rake in profits while a collective of 51,000 traders endure a significant loss of $75 million.

Massive Losses Suffered by YZY Traders: Over $75 million Wiped Out in a Matter of Days

, and Administrator

2025 September 18 . 9:12 AM

2 min read

A select few members within YZY's inner circle rack up profits while a collective of 51,000 traders... — A select few members within YZY's inner circle rack up profits while a collective of 51,000 traders incur a staggering loss of $75 million.

A select few insiders from clothing brand YZY rake in profits while a collective of 51,000 traders endure a significant loss of $75 million.

In the world of cryptocurrency, the past week has been a whirlwind of events, with million-dollar gains and losses making headlines.

Starting with a success story, eleven wallets managed to pocket over $1 million each, demonstrating the potential riches within the digital asset realm.

Pantera Capital, a well-known venture firm, placed a $1.1 billion bet on Solana, aiming to achieve a $750,000 valuation for Bitcoin. Meanwhile, the creators of Solana earned a substantial $19.3 million from Pump.Fun streams.

However, not all news was positive. Kanye West's Solana-backed YZY Token, launched on August 20, 2025, experienced a significant crash shortly after its release, leading to millions of dollars in losses for many investors. Reports suggest that known traders like 'Naseem' and Hayden Davis, a serial participant in controversial token launches, made multimillion-dollar gains from YZY. In particular, Hayden Davis was reported to have walked away with $12 million by sniping YZY.

This episode has reignited debate about whether regulators should step in more aggressively to curb manipulation in the memecoin sector. Bubblemaps, a company that monitors such activities, alleges that sniping bots and insiders positioned themselves to scoop up supply before the general public could buy YZY.

Santander's Openbank rolled out Bitcoin, Ether, and more for European users, offering a more accessible entry point into the world of cryptocurrency. Meanwhile, XRP and Dogecoin ETFs are set to launch this week, potentially increasing their exposure to a wider audience.

In other news, Monero's double-spending threat has grown after a block reorganization, raising concerns about the security of the cryptocurrency. Meanwhile, the UAE M2 crypto exchange dropped its business model, and Pi Network began its final Testnet1 upgrade ahead of its mainnet transition.

The cryptocurrency market also faced challenges, with Nvidia's stock crashing by 3% due to China accusing it of breaching anti-monopoly law. Additionally, one user lost $1 million USDC to a MEV bot after a mistaken transaction, highlighting the need for greater user education in the rapidly evolving space.

On a brighter note, Next Technology filed for a $500 million common stock offering to buy more Bitcoin, and Larry Ellison's companies include OpenAI, Paramount, Warner Bros., and TikTok, indicating a continued interest from established players in the cryptocurrency and tech industries.

Finally, within days of the YZY Token launch, over 51,000 traders collectively lost around $74.8 million, underscoring the risks inherent in the fast-paced world of cryptocurrency. Thousands of fans and traders piled in, hoping to ride the momentum of a celebrity-backed memecoin, only to find themselves on the losing end of a volatile market.

As the week comes to a close, the cryptocurrency market continues to evolve, offering both opportunities and challenges for investors and traders alike.